More and more letting agents in the UK are looking for ways to make their services more attractive to landlords. For those seeking Rental income in Sheffield, here's some information from The Letting Company about a unique scheme that's becoming more and more popular. Rental Income Guaranteed Whether a landlord wants lettings, insurance, sales or mortgage services, this scheme offers guaranteed rental income, whether the property is occupied or vacant. In fact, the landlord will receive income from this scheme even if the tenant stops paying the rent. More and more property agents and letting firms like The Letting Company are adopting this and similar schemes. Here's how it applies to property to rent in Sheffield. How the Guaranteed Income Scheme Works The process begins when we perform a thorough inspection and valuation of the flat or house to let in Sheffield. Then we offer the landlord a set amount, payable monthly. This money is paid on the same day every month and is paid whether the property in question is occupied or vacant. We charge no additional fees or commissions associated with the scheme. Our contracts typically run for one year for houses or flats to let in Sheffield. Renewing the Contract About 3 months before the end of the yearly contract for flats or houses to rent in Sheffield, we'll offer to either renew the contract for another year or terminate management of the property. If the contract is renewed, then we'll make periodic inspections of the property and keep written records regarding its condition. Along with an inspection, most agents will prepare a thorough and full inventory of the property that includes a comprehensive set of colour photographs. If a landlord has allowed a long-term tenant to decorate or redecorate the interior of the property and damage has resulted, a property agent like The Letting Company will pay the cost of any work needed to rectify the damage. Finally, maintenance of the property, although coordinated by The Letting Company, is the financial responsibility of the landlord. Some Legalities Are Involved Typically, under this type of agreement for properties to rent in Sheffield, the contract takes effect on the day a tenant moves into a vacant property. If a tenant fails to vacate a property at the end of a contract or if the tenant violates any terms of the contract, any and all legal fees will accrue to the Sheffield property agent, in this case, The Letting Company, and not the landlord. Even if the case goes to court, during the period of any court action, payment is still made to the landlord. The complex legalities and responsibilities of owning property for Rental income in Sheffield are more than ample reasons to engage a UK property agent to handle them. For more information, contact The Letting Company today on 0845-838-2890.
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